Gerald Crescent Redevelopment Site Up For Sale For $25mil
An upgrading plot at 2F Gerald Cres. was released up for sale via offer by having a model rate of $Twenty-five million, announced sole marketing rep ET&Co.
This figures out to almost $785 per sq foot based on the plot’s area of 31,882 sq foot.
Situated inside of the Seletar Hills landed property territory, the 9hundred 99 years tenture spot is utilized by a vacant bungalow.
The normal designed plot, that is sector for three-storey mixed landed property in the 2019 Master Plan, is matched for “a number of landed property categories also mixes”, announced the promotion and marketing specialist.
The land is close to Sungei Punggol river as well as the Punggol PC. ET&Co documented the fact that plan of actions are ongoing “to change the close-by Punggol Reservoir in to a dynamic spot for leisure water fun time as a component of the recent Master Plan”.
Eating, buying and leisure amenities amongst the surroundings consist of The Seletar Mall, Greenwich V, The Oval @ SAP and also Seletar Country Club.
The home is additionally in close proximity to numerous schools consisting of NCHS, Rosyth Sch, NYP, AIS as well as IFS.
” Sizable improving plots for landed property are hardly available. The residential property, that is held by a solitary homeowner, also provides an exceptional potential for urgent refitting,” reported Swee Shou Fern, ED of Investment Advisory at ET&Co.
In addition to home developers eager on parting the location to a few landed residences, Shou Fern furthermore foresees attention “from HNW and even multi-generational family groups seeking to purchase for their private reside”.
” By having restricted source of landed house in Singapore, a growing pattern for bigger properties caused by WFH setups and a lowered rate of interest atmosphere, everyone anticipate interest for landed property to carry on strong.”
The offer to get 2F Gerald Crescent concludes on 9Feb 21.